The Global Hair Loss Treatment Products market is expected to reach USD 934 million by 2023, witnessing a healthy CAGR during the forecast period.Asia-Pacific holds the most significant share in global Hair Loss Treatment market. About 41 million units of Hair Loss Treatment Products consumed globally in 2017, is registering a stable growth during the forecast period.Increased hair loss due to changing lifestyle and exposure to the environment have primarily driven the hair loss treatment market growth. Increased technological advancement of laser hair treatment is affecting the market growth.

North America Holds the Largest Hair Loss Population

More than 80 million men and women are suffering from hair loss problems in the US alone which has primarily driven the market. Consumers are seeking products with active ingredients to treat hair loss problems.According to the American Hair Loss Association, more than 66% of men are expected to experience hair loss problems by the age of 35 years. Besides, about 85% of the men are projected to have thinner hair by 55 years old.More than 21 million women are suffering from severe hair loss problems with about 40% of them getting active treatments. Consumers are actively seeking hair loss treatment products which are safe, natural and healthy to use. North America hair loss treatment products volume sale is expected to witness a CAGR of 2.4% during the forecast period.

Aging Population Driving Sales in Hair Loss Treatment Products Market

Increased aging population in the developed region - Europe and North America have driven the hair loss treatment products market. Consumers especially women are looking for natural and safe products instead of going for laser hair treatment.According to the Eurostat, the population in European Union aged 15-64 year is expected to decline by 2060, while the population above 60 years is expected to grow from 18% to 30% during the same period.Similarly, in America, the aging population is forecasted to be doubled by 2060 to reach 98 million. Increased hair loss problems due to aging have strongly affected the market growth.Market Dynamics Drivers Increased Hair Loss Problems and Aging PopulationIncreased Demand for Naural ProductsRising Disposable Income Restraints Laser Hair Treatment and OTC Drugs